Re: TWO baddies off, but util went up and I took a HUGE SCORE DROP!

Basically all of our credit profiles are are placed in different areas based on a number of catergories, such as length of credit history and number of derogatory accounts, called scorecards by FICO, but colloquially called buckets. In short, your score is based partly on how you compare to other people with similar credit profiles. It adds fairness to the system, since a person with a 2 year old credit file won't be directly compared with a person with a 30 year old credit file, or somebody that has 10 derogatory accounts won't be directly compared to someone with no baddies. As your report changes, you move in and out of the different buckets, which is called rebucketing. This can affect your score, as your credit file may have rated at the top of the thin credit file bucket, but is only an average profile in the thick credit file bucket, which would cause your score to drop some. Even with your score dropping temporarily as you move in to better buckets, this is never a bad thing in the long run, as your bucket determines the maximum score you can achieve.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair
organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or
assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.